IMO 2020 Shaking Up How Shipping and the Oil Sector Works?
IMO is meeting for its only MEPC session this year ahead of 2020 sulphur regulations which will be affecting shippers and refiners.
The oncoming regulations will reduce air pollution and prevent 570,000 deaths...
Weekly Tanker Report – Week 20, 2019
The Baltic Briefing has issued the tanker report for the 20th week of this year. The report dated 17th May 2019 provides a valuable insight into this week's tanker market dealings, freight rates, and charter...
GasLog Ltd. Reports Financial Results for the Quarter Ended March 31, 2019
Entered into a new five-year amortizing revolving credit facility on February 20, 2019 (the 2019 Partnership Facility), which successfully refinanced $354.4 million of current debt due in November 2019 and provided $90.0 million...
Oil Market Dislocations Reduce US Refiner IMO 2020 Benefit
Canadian exploration and production (E&P) companies are benefiting from light-heavy crude spreads.
Surplus FCF associated with the IMO 2020 tailwind is earmarked for share buybacks which can be quickly dialed back when required.
...
More Ships Slow Down Off California to Avoid Killing Whales
Experts say four of the 10 gray whales found dead near San Francisco in 2019 were killed by ships.
Due to the absence of speed limits at sea vessels can zip along as...
Värde and Landbridge Inks VLCC Sale and Lease Back Deal
Global alternative investment firm Värde Partners and Landbridge VLCC International, has announced a sale and lease back transaction of a very large crude carrier (VLCC), says an article published in Deal street Asia.
What is...
GasLog Lays Keel for Its New LNG Carrier at SHI Shipyard
Gaslog held a keel laying ceremony for its LNG carrier currently under construction at SHI shipyard, says an article published in LNG World News.
Keel laying ceremony
Monaco-based LNG shipper GasLog announced that it has held...
PBF Emerges as NYH’s Top 2020 Bunker Supplier
Maersk to procure 1.25mn t compliant fuel per year from PBF an independent refiner in the US.
EIA showed residual fuel oil bunker sales on the US Atlantic, declined to 1.84mn t...
Riding on the Tanker Market Benefits TORM Extends Its Scrubber Commitment
According to a report published in the Shipping Herald, the Executive Director of TORM, Jacob Meldgaard has said that TORM’s results in the first quarter reflect the Company’s strong operating performance in a product...
Maersk Product Tankers Completed Sale and Leaseback Agreement
In a major development, Maersk Product Tankers has announced that they have entered into a sale and leaseback agreement with ICBC Financial Leasing Co., Ltd. for four of their MR vessels built in 2015...